Bulgarian businesses are optimistic about 2018. They expect a rise in sales, employment and investments, a poll conducted by the Bulgarian Chamber of Commerce and Industry and among 602 companies in Bulgaria suggests. The poll is part of a survey across Europe including more than 50,000 companies from 23 countries. Easing the administrative burden, a greater potential for financing and low taxes benefit the development of businesses. According to experts the purchasing power of citizens has increased and they tend to spend more. According to businesses though politicians must allocate more funding to certain sectors in exchange for reforms in them, because otherwise this measure won’t be productive. Data about exports is positive as well – close to 50% of companies in this country expect that their sales abroad will be up in 2018. Close to 40% of employers believe that employment will increase and this will be due to improved conditions for hiring foreign workers.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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